Sunday, March 2, 2008

A SUCCESSFUL ROUTINE

Establishing a successful routine for trading is crucial. Here are some ideas for a weekly and daily routine for successful trading.

1. CHECK MARKET UPDATES
*Check economic calendar events
*Check schedule of earnings reports
*Don't trade a stock into earnings

2. EVALUATE THE MAJOR INDICES
*S&P, Nasdaq, Dow

3. EVALUATE TOP 10 STOCKS
*Look at charts on your top 10 pick list
*Compare these charts with the S&P chart
*Trade stocks that are following the trend of the market

No comments: